In the market today, the S&P 500 was down -0.52% at 2175.44. Meanwhile, for the year, the broad market index is up for the year with a year to date (YTD) return of 5.66%.
InvestProfits Index: 79.5 79.5% of stocks tracked by InvestProfits are trading above their 200 Day Moving Average (DMA). That means 3,919 of the 4,928 stocks are trading above their 200 day moving average. Above 80 percent is bearish; 20 percent and below is bullish.
ETF & Mutual Fund Recommendation: --> Hold or Sell
Hold or Buy
Hold or Sell
**A recommendation to sell is for those investors who are at or near retirement or have a higher tolerance for risk, others should hold.
Market Volatility: 39 Days 2016 has some volatility with 17 days that the S&P 500 gained one percent, and there have been 15 times that the S&P 500 lost one percent in a single day.
Less volatility was seen at higher levels as there were 3 days that the S&P 500 gained two percent and 4 days that the S&P 500 lost two percent or more in a single day.
As a result, there have been 39 times that the S&P 500 had a 1% or 2% gain or loss after the market closed, this year.
S&P 500 Highest Close: 2190.2 The S&P 500 highest close ever of 2190.2 was on Aug-15-2016 resulting in a current return of -0.7 % from its historical high.